Summary of Tenant Charges from the 1st June 2019
Tenant Charges for Assured Shorthold Tenancies.
Reservation Fee: A reservation fee of 1 weeks rent to reserve a property. Please note: The reservation fee is non-refundable in the event that the applicant fails the right to rent checks, provides false or misleading information, withdraws their application or fails to sign the tenancy agreement within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing). The reservation fee will be put towards the first month’s rent at the commencement of the tenancy.
Tenancy Deposit: A refundable Tenancy Deposit (capped at five weeks rent for rent not exceeding £50,000 per annum or six? week’s rent if greater)
Rent: 1st months’ rent (or greater if agreed)
Varying a tenancy: A charge of £50.00 may be levied unless we, as the agent, can demonstrate greater costs were incurred to implement the requested changes to vary, assign or replace a tenancy.
Surrender of Tenancy (covering the landlord’s costs in reletting the property, all rent outstanding until a new tenant is found (up to the maximum outstanding rent on the tenancy)
Payments in the event of a default: A payment may be required in the event of a default (e.g. requesting a replacement for a lost key). The amount charged will not exceed the loss suffered by the landlord.
Late payment of rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.